The U.S. economy is the world’s most powerful engine for wealth creation.

The Challenge

 Far too few Americans have a direct stake in the rewards of national economic growth. Markets have reached historic highs, but many hardworking people — and certainly most lower-income workers — have few reliable pathways to build wealth and achieve financial security, eroding their trust in our economy.

The economic recovery from the pandemic threatens to repeat historical patterns in which the benefits largely bypass lower-income Americans, hampering wealth generation and destabilizing our nation.

Unless we take action.

Read the Retirement Proposal Paper

Our Proposal

In order to empower low- and middle-income Americans to save and build wealth, policymakers should develop a new retirement savings program modeled after the federal Thrift Savings Plan (TSP), a 401(k)-like program enjoyed by federal employees.

Key features of TSP include automatic enrollment for eligible workers, low 
fees, simple plan options, and federal matching contributions to reward and encourage savings.

Learn More About the Proposal

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The Inclusive Wealth Building Initiative is a project of the Economic Innovation Group.

The Economic Innovation Group (EIG) is an ideas laboratory and advocacy organization whose mission is to advance solutions that empower entrepreneurs and investors to forge a more dynamic American economy.

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